New GDP projection shows investor confidence returning, says Azmin

International Trade and Industry Minister Azmin Ali says the World Bank and IMF are projecting a GDP of between 6.3% and 7.5% for Malaysia in 2021.

KUALA PILAH: The World Bank and International Monetary Fund’s (IMF) projection of Malaysia’s gross domestic product (GDP) at between 6.3% and 7.5% in 2021 shows investor confidence in the country is being restored.

International Trade and Industry Minister Mohamed Azmin Ali said the projection could be achieved if the economy was revived quickly.

“This projection is from the World Bank and IMF but I have to put a caveat there … it can be achieved provided we restart the economy now.

“The projection shows that investor confidence has begun to recover. But we have to start now (to achieve the target). That is why we are pushing industry players, including the small and medium enterprises, now to restart the economy,” he said after an Aidiladha animal slaughtering ritual here today.

Azmin said most of the economic sectors had started operating but several issues needed to be resolved, including the entry of expatriates into the country.